USB loses $18 B subprime mortgage

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02-24-2008, 08:42 PM

smith

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Join Date: Feb 2008

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USB loses $18 B subprime mortgage

LONDON (Reuters) - Fresh writeoffs at big European and Japanese banks on Wednesday threw the investor spotlight firmly back onto the credit crunch after days gazing at Societe Generale's stunning losses, which it blames on a junior trader.

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